EARNINGS PER SHARE

9 Months Ended

Sep. 29, 2012

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

D. EARNINGS PER SHARE

The computation of earnings per share ("EPS") is as follows (in thousands):

	Three Months Ended						Nine Months Ended
	September 29, 2012			September 24, 2011			September 29, 2012			September 24, 2011
Numerator:
Net earnings attributable to controlling interest	$4,198			$5,616			$25,862			$6,223
Adjustment for earnings allocated to non-vested restricted common stock	(38		)	(45		)	(225		)	(52		)
Net earnings for calculating EPS		$4,160			$5,571			$25,637		$6,171
Denominator:
Weighted average shares outstanding		19,827			19,597			19,783			19,551
Adjustment for non-vested restricted common stock		(178	)		(156	)		(172	)		(164	)
Shares for calculating basic EPS		19,649			19,441			19,611			19,387
Effect of dilutive stock options		25			33			19			55
Shares for calculating diluted EPS		19,674			19,474			19,630			19,442
Net earnings per share:
Basic		0.21			0.29			1.31			0.32
Diluted		0.21			0.29			1.31			0.32

No options were excluded from the computation of diluted EPS for the quarter ended September 29, 2012.

Options to purchase 10,000 shares were not included in the computation of diluted EPS for the nine months ended September 29, 2012 because the options' exercise price was greater than the average market price of the common stock during the period and, therefore would be antidilutive.

Options to purchase 110,000 and 10,000 shares were not included in the computation of diluted EPS for the quarter and nine months ended September 24, 2011 because the options' exercise price was greater than the average market price of the common stock during the period and, therefore would be antidilutive..